London Town, the operator of 210 tenanted pubs and 70 managed sites, has reopened 120 pubs across the UK in the last 11 weeks. The company has been working with groups including Enterprise Inns and Punch Taverns as an interim management company to reopen their closed outlets, employing more than 500 staff in the process. Billy Buchanan, London Town’s chief executive said that the firm’s interim management approach gave the pub companies “complete visibility” of profit and loss accounts for each outlet. He said that his company was responsible for working on a suitable food and drink offer for the closed site and a timetable for opening, as well as appointing an interim manager and employing staff. Buchanan said: “No pubco wants a tenant to fail; they don’t want people to struggle in pubs that are over-rented or with a beer tie that’s too onerous. “It can help the pubco find a new tenant –tenants are more likely to take on an outlet that’s trading. “I’m sure we we’ll take on some of the pubs as substantive leases so it gives us the chance to try it before we buy, as it were.” He added that the reopening programme had broadened London Town’s business and sat very comfortably with the existing tenanted and managed estates division. Colin Pedrick, managing director of operations at Enterprise Inns, said that by working with London Town since November he had on many occasions been able to prevent potential closures and to maximise the performance of pubs that may not have closed but were struggling.

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